Trade Policy & Tariffs - The Trump administration imposed reciprocal tariffs on imports from nearly 70 countries as part of an effort to reorder global trade [1] - Switzerland faced a 39% tariff after failing to negotiate a trade deal [1] - Tariffs on India doubled as punishment for buying Russian oil, with rates spiking from 25% to 50% on August 27th [1] - A potential 100% tariff on key tech components like chips and semiconductors was considered, but waived for companies building in the US [1] - US tariffs reached levels not seen in almost a century [1] - Tariffs on imports were approximately 10 times higher compared to the previous year for countries with framework deals like the EU and Japan [1] Economic Impact & Investment - Apple planned to invest an additional $100 billion in the US to buy more parts domestically [1] - Apple previously announced plans to spend $500 billion and hire 20,000 people in the US over four years, but has a mixed record on fulfilling such promises [1] - The White House claimed that $17 trillion in investments had been brought back to the US, which is more than half of US GDP, but this claim is unsubstantiated [3] - The US lost 11,000 manufacturing jobs in the last month [3][7] Company Strategy & Geopolitics - Apple may have found a way to avoid tariffs by promising investments in the US [1][2] - Nvidia faced potential export bans to China but continued to sell advanced chips after discussions with the White House [4] - Nvidia took a $55 billion dollar charge due to restrictions on selling chips to China [4] - Apple's supply chain relies on cheap labor in China and Taiwan, making it difficult to shift manufacturing to the US [5]

Trump's historic tariffs have gone into effect, marking what could be the most substantial reshaping of the global economy in a century. https://t.co/CbRoiVrcWd ...

Trump's historic tariffs have gone into effect, marking what could be the most substantial reshaping of the global economy in a century. https://t.co/7pdzG1YMGU ...

RT GEM HUNTER 💎 (@TrueGemHunter)Trump smashing markets with tariffs again ...

Sonos will raise prices on some products due to tariffs later this year, a move that threatens to complicate its comeback attempt https://t.co/ZjqKVoA8ZW ...

Brazil will not target the US with reciprocal tariffs in response to the trade levies Trump placed on its goods, President Luiz Inacio Lula da Silva said in an interview https://t.co/pMlKE6NpNv ...

🇮🇳 JUST IN: U.S. to impose 25% tariffs on Indian imports starting August 27. https://t.co/fhOALKdslK ...

Trump—and his critics—have described his tariffs as an earthquake that would transform the U.S. economy. So far, the impact has been mostly a series of tremors. https://t.co/UPKCOcExxp ...

Joining us right now, former Speaker of the House Paul Ryan. He's currently a partner at Solomare Capital and vice chairman at Teneo. And it's good to see you, sir.Morning. Uh I'm curious what you make of the dialogue here as it relates to both the tariff issue and the Fed issue. We have so many former Treasury Secretaries.Everybody's trying to figure out what's really going on. Everyone's a little worried about whether the numbers are even going to be real in the future. What do you think.Well, I think we' ...

The US Special envoy Steve Witkoff has arrived in Moscow for meetings with officials, according to Russian media. It comes as the Kremlin mulls an air truce with Ukraine ahead of Trump's August 8th deadline. We're now joined by Marc Champion, who covers international affairs for Bloomberg Opinion.Marc, thank you for joining us. Really great stories in columns, actually, that you've written in the last couple of weeks. What should we be expecting from meetings in Moscow today.Well, it's a very good question. ...